Glancy Prongay & Murray LLP Reminds Investors of the March 19, 2018 Deadline in the Class Action Lawsuit Against Yelp,
Inc.
Glancy Prongay & Murray LLP (“GPM”) reminds investors of the March 19, 2018 deadline to file a
lead plaintiff motion in the class action filed on behalf of investors that purchased Yelp, Inc. (“Yelp” or the “Company”) (NYSE:
YELP) securities between February 10, 2017 and May 9, 2017, inclusive (the “Class Period”).
Yelp investors have until March 19, 2018 to file a lead plaintiff motion.
To obtain information or actively participate in the class action, please visit the Yelp page on our website at www.glancylaw.com/case/yelp-inc. Investors that suffered losses on their Yelp investments are encouraged to
contact Lesley Portnoy of GPM to discuss their legal rights in this class action at 310-201-9150 or by email to shareholders@glancylaw.com.
The complaint alleges that defendants misled Yelp investors regarding the retention rates for existing customers, as well as
revenues and growth rates for the Company’s new customers. And, furthermore that Yelp CEO Jeremy Stoppelman personally benefited
from withholding such information by selling over $25,000,000 worth of Yelp shares (approximately 20% of his Yelp holdings) while
allegedly in possession of material nonpublic information regarding Yelp’s poor financial results.
On May 9, 2017, the Company announced their first quarter 2017 financial results. While Yelp’s 1Q 2017 revenue and adjusted
EBITDA met the Company’s prior expectations, the Company was revising its FY2017 guidance downward to reflect poor retention rates
with existing customers. On this news, Yelp’s stock price closed at $34.70 on May 9, 2017 and fell as low as $26.93 on May 10, 2017
before closing at $28.33, thereby injuring investors.
Follow us for updates on Twitter: twitter.com/GPM_LLP.
If you purchased shares of Yelp, you may move the Court no later than March 19, 2018 to ask the Court to appoint you
as lead plaintiff. To be a member of the Class you need not take any action at this time; you may retain counsel of your choice or
take no action and remain an absent member of the Class. If you wish to learn more about this action, or if you have any
questions concerning this announcement or your rights or interests with respect to these matters, please contact Lesley Portnoy, Esquire, of GPM, 1925 Century Park East, Suite 2100, Los Angeles, California 90067 at
310-201-9150, Toll-Free at 888-773-9224, by email to shareholders@glancylaw.com, or visit our website at www.glancylaw.com. If you inquire by email please include your mailing address, telephone number and number of
shares purchased.
This press release may be considered Attorney Advertising in some jurisdictions under the applicable law and ethical rules.
Glancy Prongay and Murray LLP, Los Angeles
Lesley Portnoy, 310-201-9150 or 888-773-9224
www.glancylaw.com
shareholders@glancylaw.com
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